Next sector(s) to short

Discussion in 'Stocks' started by hajimow, Aug 10, 2007.

  1. I believe the retail sector selling big ticket or luxury items will be hit next. Best Buy and Circuit City for selling big TVs and .....
    They companies who are in boat business. Companies selling and manufacturing expensive bikes,.... will also be hit.
    My reason is that people can not or will not take money out of their line of credit to pay for those stuff.
  2. I don't know about shorting, but I am looking for OIH (oil services) to get closer to 50 SMA next week and buy some deep in the money, couple months out puts.
  3. If you can get OIH fluctuations in a day, you are all set. I could not believe that OIH would go over $155 3 months ago. I know one thing that OIH can easily go down to $130
  4. In a bear market they all go down. There is no place to hide, except cash equivalents.
  5. Just today CC hit an intraday 52 week low